secwatch.observer — SEC 8-K summary
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Issuer:     CarParts.com, Inc. (PRTS)
CIK:        0001378950
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001378950-23-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CarParts.com Q2 sales hit record $177M but net loss of $0.7M vs net income $4.1M YoY
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- Net sales $177.0M, highest quarterly level, up slightly YoY and 12% on two-year stack.
- Gross margin 34.2% down 90 bps; gross profit $60.4M vs $61.9M YoY.
- Net loss ($0.7M) compared to net income $4.1M in prior-year quarter.
- Adjusted EBITDA $6.3M vs $8.3M YoY; cash $79.2M, zero revolver debt.
- Repurchased 250,000 shares for $1.05M during quarter; launched mobile app.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1378950/000137895023000063/0001378950-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1378950/000137895023000063/prts-20230801x8k.htm
  HTML page:      https://secwatch.observer/filing/0001378950-23-000063

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer